I have looked at the video, and do not like it.
The problem is that there is still a shock force needed to disengage the taper, and this shock is still transmitted through the bearings. Now I am not a trained engineer so know very little about what the bearings can withstand, but I do think that this shock load cannot do the bearings any good.
In MEW 96, Feb 2004, George McLatchie came up with a solution for the Warco MiniMill, and presumably usable for other X2 type milling machines which prevented this shock loading by keeping all the forces involved inside the spindle. Essentially, the idea was to create an additional closed end nut which would screw onto the end of the spindle (for the MiniMill it did require the existing nut to be thinned to provide sufficient thread). Through the closed end of the extra nut was fitted a tapped hole into which was inserted a normal bolt.
To disengage the taper, the spindle was first locked (a locking system was already supplied on this machine), then the drawbar slackened by a few millimetres. Next the additional nut was added, the unlocking bolt screwed down until it contacted the head of the drawbar. Further tightening of the bolt forced down the drawbar thus forcing the taper to separate.
No shock loading and all the forces are contained within the spindle.
For what it is worth, a similar device will be made at some time for my lathe, especially as there is already sufficient thread on the end of the spindle thus reducing the work required.
Regards,
Peter G. Shaw